Tenants in HUD housing now have to prove they’re US citizens

Secretary Scott Turner vowed the agency would “leave no stone unturned” in rooting out non-citizens who might be taking advantage of HUD-funded housing. Continue reading

HUD shifts homeless policy away from providing permanent housing

$3.9 billion in competitive grant funding will favor transitional housing with employment and addiction treatment requirements, and allow faith-based groups to submit bids to provide services. Continue reading

2025 a banner year for mortgage deregulation and legislation

“We don’t just have a seat at the table,” Mortgage Bankers Association CEO Bob Broeksmit told members in Las Vegas. “We’re near the head of the table — and we’re speaking loud and clear.” Continue reading

Government shutdown nails housing programs in week 2

The longer the government shutdown lasts, the more it impacts the real estate industry. Here are the latest updates on the cusp of the shutdown’s third week. Continue reading

Shutdown slowing FHA, VA approvals; USDA loans are on hold

The FHA’s Office of Single Family Housing and some of its mortgage insurance programs are “operational but with limited services,” HUD said in bulletin to lenders. Continue reading

Is fall the new spring? Market winds may be shifting, NAR says

Increased homebuying affordability, more inventory and fewer competing buyers may lead to a prime week for homebuyers in October, leading to conditions like a “second spring market.” Continue reading

How a government shutdown would affect real estate agents

The National Flood Insurance Program, set to lapse on Sept. 30, and federal agencies critical to processing mortgage paperwork like HUD, FHA, VA, USDA and the IRS face staff reductions. Continue reading

New-home sales spiked in August to highest rate since 2022

The 20.5 percent increase was unexpected and reversed a trend of lower new-home sales thus far in 2025.  Continue reading

Appraisal bias suit against Rocket Mortgage, Solidifi moves forward

Judge rules that appraisal independence regulations do not preclude lenders and appraisal management companies from taking action to remedy biased appraisals. Continue reading

New-home sales declined in July but beat analyst expectations

Sales of new single-family homes dropped 8.2 percent year over year to a seasonally adjusted annual rate of 652,000, which still beat analysts’ expectations of a rate of about 630,000 units. Continue reading